Overview
What is Innovative Student Facilities Inc?
Innovative Student Facilities Inc is a nonprofit organization dedicated to supporting Louisiana Tech University in Ruston, Louisiana, by acquiring, constructing, developing, and managing student housing and other facilities on campus. The corporation operates under the management and control of the Board of Supervisors for the University of Louisiana System, with a mission to benefit and promote the educational mission of the university. This mission is carried out through any lawful activities that the corporation deems necessary or advisable, including leasing student housing to Louisiana Tech University.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Innovative Student Facilities Inc has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement within the organization. The overall score stands at 67%, with notable strengths in governance, including a fully independent board and high scores for financial oversight. The organization demonstrates good practices in documenting board meeting minutes and has no reported material diversion of assets.
However, the nonprofit struggles with financial stability, as indicated by a liabilities to assets ratio of 90.95%, which raises concerns about its long-term viability. Despite a strong program expense ratio of 99.80%, reflecting a commitment to its mission, the financial challenges could impact its ability to sustain operations and fund future initiatives. Overall, while the organization shows promise in governance and accountability, addressing financial health will be crucial for its continued effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Innovative Student Facilities Inc legitimate?
Innovative Student Facilities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Student Facilities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Innovative Student Facilities Inc?
Innovative Student Facilities Inc is a corporation dedicated to supporting and assisting Louisiana Tech University in fulfilling its educational mission and objectives. The corporation's activities are managed and controlled by the Board of Supervisors for the University of Louisiana System. The mission of Innovative Student Facilities Inc involves promoting, aiding, and benefiting Louisiana Tech University in carrying out its mission, which may include any lawful activities the corporation deems necessary or advisable. The corporation's role is to facilitate Louisiana Tech University's educational pursuits.
Who is the CEO of Innovative Student Facilities Inc?
Chris Barr is the Director of Innovative Student Facilities Inc.
What is the revenue of Innovative Student Facilities Inc?
Innovative Student Facilities Inc's revenue in 2022 was $12,543,045.
Who are the executives of Innovative Student Facilities Inc and what are their salaries?
There 7 volunteers at Innovative Student Facilities Inc.
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Where can I find the form 990 for Innovative Student Facilities Inc?
Innovative Student Facilities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Innovative Student Facilities Inc
Innovative Student Facilities Inc, a nonprofit organization, is dedicated to promoting, assisting, and benefiting the educational mission of Louisiana Tech University. Under the management and control of the Board of Supervisors for the University of Louisiana System, this corporation undertakes any lawful activity to support and assist the university in achieving its goals and objectives.
Innovative Student Facilities Inc's primary concern is to advance the educational pursuits of Louisiana Tech University. The organization implements its mission through various lawful activities, which it deems necessary or advisable to further the university's mission.
By working closely with Louisiana Tech University, Innovative Student Facilities Inc plays a crucial role in fostering an environment that encourages academic growth and success for the students. The organization's commitment to this mission is essential to Louisiana Tech University's overall development and progress.
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Impact
October, 2024
Innovative Student Facilities Inc plays a crucial role in enhancing the educational experience at Louisiana Tech University by focusing on the development and management of student housing and other essential facilities. By acquiring and constructing quality housing options on campus, the organization ensures that students have access to safe, comfortable, and conducive living environments that support their academic success.
The impact of the organization is multi-faceted. Firstly, it directly addresses the housing needs of students, fostering a sense of community and belonging that is vital for their overall college experience. By providing appropriate living spaces, Innovative Student Facilities contributes to student retention and satisfaction, allowing individuals to thrive academically and socially.
Additionally, the organization's efforts to support Louisiana Tech University's mission amplify the institution's capabilities in offering a high-quality educational environment. With a focus on promoting and assisting the university's objectives, Innovative Student Facilities Inc acts as a strategic partner in enhancing the university's infrastructure and resources, ultimately benefiting the broader educational landscape.
In summary, Innovative Student Facilities Inc significantly enriches the educational mission of Louisiana Tech University by ensuring students have access to essential facilities that encourage growth, learning, and community engagement.
This information is meant to be a general summary of Innovative Student Facilities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $429,550
- Program Service Revenue: $9,315,500
- Gross Receipts: $12,543,045
Assets and Liabilities:
- Total Assets: $167,914,414
- Total Liabilities: $153,990,364
- Net Assets: $13,924,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,315,500
Organization Details
Founding Year
2002
Phone
(318) 257-2445Principal Officer
Chris Barr
Main Address
PO BOX 3164, RUSTON, LA, 71270
NTEE Category
Code: L99 - Housing
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